Quarterly ResultJul 29, 2026, 04:09 PM
Adamas Trust Q2 GAAP EPS $0.48; EAD $0.30, up 36.4%; Dividend $0.27
AI Summary
Adamas Trust reported strong Q2 2026 results with GAAP basic earnings per share of $0.48 and Earnings Available for Distribution (EAD) per common share of $0.30, marking a 36.4% year-over-year increase. The company also raised its common stock dividend to $0.27 per share, a 17.4% increase. Management highlighted sustained growth in earnings, book value, and the investment portfolio, driven by $1.5 billion in new residential investments and expanded financing capacity.
Key Highlights
- GAAP basic earnings per share was $0.48.
- Earnings available for distribution (EAD) per common share rose 36.4% year-over-year to $0.30.
- Common stock dividend increased 17.4% to $0.27 per share.
- Book value per share grew 1.8% quarter-over-quarter to $10.16.
- Acquired $1.5 billion in new single-family residential investments during the quarter.
- Total net interest income increased 3.7% quarter-over-quarter to $50.2 million.
- Increased warehouse capacity by $250.0 million to $3.7 billion.
Price Impact
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